492 Vernon Avenue, Overbrook - Castleheights and Area

$625,000
492 Vernon Avenue

$625,000

Price Change
32d
DetachedBungalow

492 Vernon Avenue, Overbrook - Castleheights and Area

Total Monthly Obligation $3,303

Beds
5
Baths
1
Park
4
Sqft
1100-1500
DOM
32d
Yield
7.4%
Cash on Cash
7.3%
Cap Rate
6.1%
5Y IRR
21.4%
10Y IRR
19.5%
Property Type-Detached
MLS® Number-X13812108
Beds-5
Bathrooms-1
Size-1100-1500 sqft
Lot Size-39.51 × 105.19 ft
Listed on site-Sep 21, 2026
Style-Bungalow
Building Type-Detached
Taxes-$4,881.45 (2025)
Parking-4 - Carport
Basement-Full, Unfinished, Development Potential
Heating-Other (Gas)
Brokerage-RE/MAX HALLMARK REALTY GROUP
Cooling-None
Laundry-No
Fireplace-Yes
Pool-None
Facing-North
Exterior-Brick, Stone
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-Immediate
Neighbourhood-3503 - Castle Heights
Title-Residential Freehold

No agent assigned

Investor Alert! Welcome to 492 Vernon Avenue on a quiet residential street within walking distance to St. Laurent recreational complex. An exceptional opportunity for investors, developers, or buyers looking to unlock incredible future potential. This estate sale offers a rare chance to acquire a single-family home situated on a generous lot with the opportunity to renovate the existing layout into two one-bedroom basement apartments, creating a triplex opportunity (buyer to verify all zoning, permits, and municipal approvals). The upper level has 3 bedrooms and the lower level has 2 one-bedroom apartments ready to renovate with the existing layout. Can also be converted to a family home. Zoning is R3A, R4B, however buyer to verify all zoning, permits, and municipal approvals. Whether you're looking to expand your investment portfolio, generate rental income, or maximize the property's potential, this is an opportunity you won't want to miss. Ideally located just minutes from downtown Ottawa and close to schools, parks, public transit, shopping, restaurants, hospital and all essential amenities. Property is being sold AS-IS where-is, with no representations or warranties by the Estate.

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Closing Costs

Mortgage Amount
$500,000
Land Transfer Taxes$8,975
Legal Fees (Est.)
$
Total cash required for closing$135,475

Total Monthly Obligation

$3,303/mo
Mortgage $2,521
Monthly Loss $2,639
Principal$663
Interest$1,858
Property Tax$407
Home Insurance$125
Variable Costs$250

No rent estimate available. Enter a monthly rent in Assumptions & Inputs below to calculate.

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*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 492 Vernon Avenue

Time

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